Strategic Natural Resources PLC Withdrawal of Elitheni liquidation notice (2108V)
11 12월 2013 - 2:10AM
UK Regulatory
TIDMSNRP
RNS Number : 2108V
Strategic Natural Resources PLC
10 December 2013
Strategic Natural Resources Plc
("SNR" or the "Company")
Withdrawal of Elitheni liquidation notice
The Board of SNR, the AIM quoted natural resources developer
operating in South Africa, which owns 74% of Elitheni Coal (Pty)
Limited ("Elitheni"), is pleased to announce that it has been
informed by Elitheni that the creditors of Elitheni who submitted a
liquidation notice, further details of which were announced by the
Company on 29 November 2013, have agreed to withdraw the
liquidation notice. As a result the liquidation hearing, which was
scheduled to be held today, has been cancelled. The court has
ordered that disputed unpaid amounts will be settled through an
arbitration process, which will take place between 21-24 April
2014, in order to allow sufficient time for Elitheni and its
creditors to gather the required information for the
arbitration.
The Company will provide a further update as appropriate.
For further information, please contact:
Strategic Natural Resources plc
Andy Brennan, Chairman
Gabriel Ruhan, CEO +44 (0)20 3328 5656
Allenby Capital Limited - Nominated Adviser
and Broker
Nick Naylor/Mark Connelly/James Reeve +44 (0) 20 3328 5656
FTI Consulting
Ben Brewerton/Georgia Mann +44 (0) 20 7831 3113
For further information about Strategic Natural Resources plc
please visit www.snrplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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